TURKEY: Anadolu Efes volumes buoyed by soft drinks sales
Anadolu Efes has reported an increase in first-half sales volumes
Anadolu Efes has reported an increase in first-half sales volumes, boosted by soft drinks sales in the period.
For the six months to the end of June, consolidated sales volumes climbed by 6.2% to 22m hectolitres over the same period last year. The increase was driven by a 17.7% rise in soft drinks volumes to 356.5m cases from its subsidiary Coca-Cola Icecek, the firm said today (18 July).
Total beer volumes however, declined by 2% to 11.8m hl, compared to last year. Volumes from the Turkey-based company's domestic beer operations fell by 2.9% to 4.3m hl, while the firm's international beer unit, Efes Breweries International (EBI), reported a slide in volumes of 4.5% to 7.5m hl. Anadolu Efes blamed the decrease at EBI on the "continued decline in the Russian beer market and unfavourable weather conditions in the region overall".
The increase in soft drinks volumes, meanwhile, was driven by strong growth in both Turkey and its international operations, with all categories delivering double-digit growth. The sparkling category continued to grow at mid-teens in the first half, while the still category grew above 25% during the period, driven by strong water, juice and ice tea sales in all markets.
The firm will release its first-half earnings on 24 August.
Click here to view the official statement.
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